Economic Diversification (2007)

Two CSPS studies, in collaboration with Mark Crosby from Melbourne Business School and Manu Bhaskaran from The Centennial Group were the first to highlight that the main reasons why Brunei Darussalam has been unable to diversify its economy is due to the enabling environment. Among the associated weaknesses are bureaucratic hindrances and weak human capital development.

The government has since stepped up efforts in improving the enabling environment, led by the Ease of Doing Business Steering Committee involving 13 Champion groups from various departments and agencies. Brunei Darussalam’s ranking in the World Bank Doing Business Report 2017 jumped significantly from 97 to 72, named as the most improved country in the world.